DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in eBay Inc. (NASDAQ:EBAY) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,709 shares of the e-commerce company’s stock after purchasing an additional 3,229 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in eBay were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. Wealth Enhancement Advisory Services LLC increased its stake in eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares during the period. Kestra Investment Management LLC boosted its holdings in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after acquiring an additional 139,315 shares during the period. Jones Financial Companies Lllp raised its holdings in eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in eBay in the fourth quarter valued at about $8,644,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on EBAY. Bank of America reduced their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Truist Financial boosted their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Barclays increased their target price on shares of eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Citigroup lowered their price target on eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.32.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 10,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $69.83, for a total value of $698,300.00. Following the completion of the sale, the chief executive officer now directly owns 570,754 shares of the company’s stock, valued at $39,855,751.82. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,685 shares of company stock worth $4,121,245. Company insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $69.51 on Friday. The company has a market cap of $32.04 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.22 and a beta of 1.30. The firm’s 50 day moving average is $66.25 and its two-hundred day moving average is $65.21. eBay Inc. has a fifty-two week low of $51.02 and a fifty-two week high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. Analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio (DPR) is presently 27.62%.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.